Dr. Peter Navarro

efficient than if it goes into the private sector.

Oh, and by the way, falling government expenditures mean a reduced budget deficit, lower interest rates and mortgage rates.

So that's going to ignite things like the housing sector.

So consumption investment, government spending hitting all cylinders.

The last one, Steve, is the net exports.

Whenever we reduce our trade deficit, that shows up as an increase

in our GDP growth rate.

That's exactly what the Trump chair policy is doing.

We just had in the lowest trade deficit since 2009.

So if you add all that up, Steve, it's a set of policies and throw on top of that good things like oil going from $75 a barrel to $50 a barrel.

You can't

imagine any other thing happening in 2026 than robust growth, rising real wages as we had in the first term, and prosperity.

So looking forward, that's what we see, and it's all good, brother.

Let's remember this.

We can walk and chew gum at the same time.

We can pursue all of these growth policies at the time we're fighting a war on Biden's legacy inflation.

And what we're doing, Steve,

in the trenches is taking a micro approach to the macro problem of inflation.

Remember, Steve, that inflation is nothing but a basket of prices for housing, for energy, for transportation, for healthcare, and all of that.

And so what we are doing with all due speed is to tackle